Asian stocks drop after last Federal Reserve meeting

Source: Bloomberg
The Asian stocks extends to three-day loosing streak, after Federal Reserve meeting pointed that they might reduce bond purchase while the China's manufacturing activity dropped. The MSCI Asia Pacific Index slipped 0.6% after nine out of 10 industry groups retreated. One of the most significant drop was for the Perseus Mining Ltd., which contracted 10% after the price for precious metal fell.
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Thu, 21 Nov 2013 09:47:11 GMT

French manufacturing and service sector activity retreats in November

Activity in manufacturing sector of France continued to decline in November of this, as the pace of decrease reached a six-month highest level. The PMI Index, which measures the activity level, contracted to 47.8 points. Moreover, the service sector of the country turned to retreat as well, as the PMI Index for this sector dropped to 48.8 points. The reading

Thu, 21 Nov 2013 08:20:12 GMT

South Africa exhausted monetary policy options to boost growth

The Reserve Bank of South Africa remained with limited number of monetary policy tools to support the economic growth in country, as the declining currency raised inflation pressure. The rand lost 16% versus U.S. dollar this year, increasing prices for imported products, such as oil. At the moment the inflation level is 5.5%, while the main interest rate is expected

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